CNBC

Peloton Launches Resale Platform with Three-City Test

Peloton has introduced Peloton Repowered, a resale marketplace for its used equipment and gear, according to CNBC and other media outlets. The…

UPDATE: Saks Global Finalizes $2.7 Billion Neiman Marcus Acquisition

[Update as of Dec. 26, 2024] Saks Global has completed its acquisition of Neiman Marcus Group, joining the retailer’s portfolio of the…

Mango Plans to Operate 42 U.S. Stores by Year End, 20+ More in 2025

Moving toward its goal of making the U.S. one of its three main markets by 2026, Mango plans to operate 42 stores…

Citing Costs, Saks Fifth Avenue Dims the Lights on its Holiday Show

After more than 20 years, Saks Fifth Avenue is cancelling the renowned holiday light show at its Fifth Avenue flagship store. The…

Sam’s Club to Test Digital-First Cashierless Store in Dallas

Later this month, Sam’s Club will reopen a tornado-damaged store in Grapevine, Texas that will feature displays of online-only products where the…

Manhattan D.A. Indicts Two People for Running $1 Million Fencing Operation

Rehana’s Cosmetics, a perfume and cosmetics store located just blocks from the Macy’s flagship in midtown Manhattan, allegedly held more than $1…

Best Buy’s Commitment to LGBTQ+ Causes Questioned by NY State Comptroller

The office of New York State Comptroller Thomas DiNapoli has sent a letter to the top executives at Best Buy expressing concerns…

Nordstrom Considers Going Private — Again

Erik and Pete Nordstrom, the CEO and President, respectively, of Nordstrom, want to explore a transaction that would take the company private….

Amazon’s Just Walk Out has Left the Building

[Update as of 4/17/2024] In a blog post clarifying its strategy around cashierless technology, Dilip Kumar, VP of AWS Applications at Amazon,…

How Retail Employees can Feel Safe to Learn Without Risk to Personal Brand

With so many shifts in the market, the pressure is on to upskill your workforce. However, there is a balance between getting…

Ecommerce Marketing Lessons from Q4 2023

Last year was an uncertain one. Though many of the economic indicators were excellent, including the low unemployment numbers and strong GDP…

How Retailers can Combat the Rising Threat of Theft

Retail theft is on the rise, and many businesses are grappling with the financial fallout. In recent months, The Home Depot, Foot…

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